University of the Cumberlands Week 8 The Pareto Chart Concept Discussion

Reflect on the assigned readings for Week 8 and then type a page paper regarding what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding. Define and describe what you thought was worthy of your understanding in half a page, and then explain why you felt it was important, how you will use it, and/or how important it is in project planning.

Explain the concept of a Pereto Chart – provide an example – explain how the concept of the Pereto Chart might be used in making decisioins about handling negative risks which could impact a project or organization.